Report: Millions of Homeowners Still ‘Underwater’

According to a new report released by CoreLogic on Tuesday, millions of homeowners in the United States remain underwater on their mortgages – a “nagging leftover” from the housing crash.

As CNBC explains, 5.4 million homes – or 10.4 percent of all homes with a mortgage – are still in a negative equity position.

“Negative equity continued to be a serious issue for the housing market and the U.S. economy,” said Anand Nallathambi, president and CEO of CoreLogic. “We expect the situation to improve over the course.”

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